SHOPIFY 30 % DROP IF THIS HAPPENS (NEW)

2022年8月23日

A few days ago Shopify managed to break out of the range but it seems that it was a bull trap as the price came back into the range.

We believe that after the fake breakout to the upside that we had, it´s more likely now for Shopify to break down. We had a bearish cross on MACD and RSI on daily timeframe is not even oversold and it has more room to the downside.

Enter the short only if / when we break down the range. We expect 30 % drop.

Moreover SPX and Nasdaq finished their ´bear market rally so it´s also favoring more downside on Shopify.

2022年9月26日

交易進行

The price broke down below the range.
Expect more downside soon